DELFT, NETHERLANDS AND VANCOUVER, BC, May 31, 2016 – Chrysalix Venture Capital, one of the most active industrial innovation and alternative energy venture capital firms, and RoboValley, the leading center for robotics commercialization in Europe located at Delft University of Technology in the Netherlands, announce a new fund, with a target size of 100 million Euro, aimed at driving the global robotics revolution. The RoboValley Fund will draw on the collective expertise and broad international networks of both Chrysalix and RoboValley to identify, invest in and commercialize breakthrough robotics technologies.
“Global technology in robotics is advancing very quickly yet today there is no international pureplay venture capital fund focused on robotics and so closely aligned with a robotics ecosystem. Many breakthrough technologies are stranded in universities and national labs with insufficient early-stage funding available to help them commercialize and scale,” said Mike Sherman, Managing Partner of the RoboValley Fund. “RoboValley and Delft University of Technology have an outstanding reputation for being on the cutting edge of modern robotics research and development, with exclusive access to emerging technologies as well as leading professors and industry experts world-wide, and we are pleased to be partnered with them on this new fund.”
“Robotics is predicted to be the next big step in the digital revolution having an unprecedented impact on the way that we live, and provides an answer to some of the grand challenges of the 21st Century,” said Arie van den Ende, Managing Director, RoboValley. “Together with Chrysalix longstanding expertise in commercializing early stage industrial innovations, the RoboValley Fund will bring much needed capital and accelerated paths to market for our most promising next generation robotics technologies.”
Many large corporations recognize the transformative potential of modern robotics but have limited resources to pursue these opportunities. The RoboValley Fund will connect novel robotics technology and market demand by leveraging the world class RoboValley Innovation Hub and TU Delft Robotics Institute with Chrysalix established network of corporate and financial limited partners to identify the most pressing industry problems and market needs that breakthrough robotic solutions could solve.